Alternative Dispute Resolution Personnel

Submitted by Anonymous (not verified) on Mon, 03/27/2023 - 9:55pm
Definition
Individuals who utilize arbitration, mediation, conciliation and other processes that are alternatives to formal court hearings to facilitate settlement of disputes between parties. During arbitration, opposing parties submit their dispute to one or more impartial persons, called arbitrators, for a final and binding decision. Arbitrators are usually attorneys or businesspersons with expertise in a particular field. Mediation involves an attempt by the parties to resolve their dispute with the aid of a neutral third party and generally is used when the parties wish to preserve their relationship. A mediator may offer suggestions, but resolution of the dispute rests with the parties themselves. Conciliation is similar to mediation. The conciliator's role is to guide the parties to a settlement. The parties must decide in advance whether they will be bound by the conciliator's recommendations; and they generally share equally in the cost of the conciliation.
URL Name
YO-4500-0400
Third Level Code
YO-4500
Taxonomy Code
YO-4500.0400
Parent Code
YO-4500
Family Code
Y
Second Level Code
YO
Fourth Level Code
YO-4500-0400
Use References
ADR Personnel, Arbitrators, Conciliators, Mediators
Publication Status
Online